Australian mining company Volt Resources (ASX:VRC) recently announced that an independent German metallurgical laboratory has confirmed the high quality of the Namangale graphite concentrate.
The tests also show that the concentrate is highly
suitable for producing commercial grade expandable graphite for flame retardant
foam and graphite foil, which are two key growth markets for graphite
distribution.
The report indicates: “expansion tests of expandable graphite made of flake graphite concentrate from Namangale were very successful compared with product from other origins.”
The report indicates: “expansion tests of expandable graphite made of flake graphite concentrate from Namangale were very successful compared with product from other origins.”
Volt notes that the German group that completed
the testwork is a global specialist in graphite testing and analysis.
“This is
highly encouraging news flow for Volt, as proposed regulatory changes in China
and Europe for the mandatory use of non-toxic substances in flame retardant
building materials could result in substantial future demand for expandable
graphite,” the company indicates.
“Having independent test work confirm the
suitability of Volt’s graphite product in the flame retardant building
materials market is a key differentiating feature from rivals,” Volt adds.
Trevor Matthews, CEO of Volt, commented: “With recent initial tests in the U.S.
confirming the high quality of Volt’s concentrate to be used in lithium-ion
batteries, it is very encouraging to have independent confirmation that
Namangale graphite concentrate is highly suitable for expandable graphite too.
The sales and marketing team will be targeting prospective end-user customers
globally across a range graphite end-user markets. At this point in Volt’s
development, it is a significant differentiating feature and competitive edge
to be able to deliver concentrate that can make high quality spherical and
expandable graphite for various downstream applications.”
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Mahenge Graphite Total Mineral Resource Increase by 25% Namangale Graphite
Project The Namangale graphite project in south-east Tanzania is wholly owned
by Volt Resources.
In Q2 2016, the company signed three Memorandums of
Understanding (MoUs) for graphite off-take with some of the largest companies
in the lithium-ion battery market: Chinese Optimum Nano, Huzhou Chuangya and
Shenzhen Sinuo.
The MoUs cover an annual production of 100,000t of graphite, of
which 60,000t with Optimum Nano, 20,000t with Huzhou Chuangya and the remaining
20,000t with Shenzhen Sinuo.
Tanzania Graphite Tanzania’s largest graphite
deposits are located in the central and east southern regions of the country.
Graphite discoveries in Tanzania come mainly from Australia based graphite
developers, Magnis Resources (ASX:MNS), Volt Resources (ASX:VRC) and Kibaran
Resources (ASX:KNL).
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